GBP/CHF broke key support level 1.2900

17:43 08.08.2018

GBP/CHF broke key support level 1.2900

Next sell target - 1.2700

GBP/CHF recently broke through the key support level 1.2900 (which stopped the previous downward impulse in February and March, as can be seen below). The breakout of this support level accelerated the active minor impulse wave 3, which belongs to the medium-term impulse wave (3) from July. GBP/CHF is expected to fall further toward the next sell target at the next support level 1.2700 (target price for the completion of the active impulse wave 3).